Tax experts caution government on Shs 70Tn budget
The Civil Society Budget Advocacy Group has cautioned the government over the possibility of increasing the tax burden on the already over stretched Ugandans.
This comes a day after Parliament’s Budget Committee tabled a revised proposal of the Financial Year 2024/25 national budget by a whooping Sh 13Tn to take care of recurrent expenditure and development projects.
Speaking to KFM, Julius Mukunda, the Executive Director CSBAG says Uganda has no capacity to internally raise the over 70 Trillion Shillings.
“They are two biggest challenges that this project will face number one is that we do not have the capacity to raise this money internally here in our economy and secondly even if they get this money can the put it in the budget on time.” Mukunda said.
